The Gross Domestic Product (GDP) in Canada expanded 12.70 percent in the second quarter of 2021 over the same quarter of the previous year. source: Statistics Canada

GDP Annual Growth Rate in Canada averaged 3.02 percent from 1962 until 2021, reaching an all time high of 12.70 percent in the second quarter of 2021 and a record low of -12.60 percent in the second quarter of 2020. This page provides - Canada GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2021.

GDP Annual Growth Rate in Canada is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada GDP Annual Growth Rate is projected to trend around 3.10 percent in 2022 and 3.00 percent in 2023, according to our econometric models.

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Canada GDP Annual Growth Rate


Canada GDP Annual Growth Rate
In Canada, services account for more than 70 percent of GDP. Within services the most important are: finance, insurance, real estate, rental and leasing and management of companies and enterprises (21 percent of total GDP); retail and wholesale trade (12 percent), health (8 percent) and public administration (6 percent). Manufacturing accounts for 13 percent of the output and construction for 6 percent. Mining and oil and gas extraction constitute only 4 percent of GDP, yet Canada is a net exporter of energy. Finally, agriculture, forestry, fishing and hunting account for 2 percent of output. On the expenditure side, household consumption is the main component of GDP and accounts for 58 percent of its total use, followed by gross fixed capital formation (22 percent) and government expenditure (19 percent). Exports of goods and services account for 32 percent of GDP while imports account for 33 percent, subtracting 1 percent of total GDP. Non-profit institutions serving households' final consumption expenditure and investment in inventories account for the remaining 2 percent.

Canada Last Reference Previous Highest Lowest Unit
GDP Growth Rate -0.30 Jun/21 1.40 9.10 -11.30 percent
GDP Growth Annualized -1.10 Jun/21 5.50 36.40 -45.10 percent
GDP Annual Growth Rate 12.70 Jun/21 0.30 12.70 -12.60 percent
GDP Constant Prices 2071190.00 Jun/21 2077183.00 2114113.00 343577.00 CAD Million
Gross National Product 2443296.00 Jun/21 2383716.00 2443296.00 39924.00 CAD Million
Gross Fixed Capital Formation 459534.00 Jun/21 463277.00 473052.00 57964.00 CAD Million
GDP From Utilities 41172.00 Jul/21 43296.00 44068.00 31420.00 CAD Million
GDP From Transport 72252.00 Jul/21 71465.00 90666.00 51402.00 CAD Million
GDP From Services 1397405.00 Jul/21 1391204.00 1417455.00 753361.00 CAD Million
GDP From Public Administration 138761.00 Jul/21 138421.00 138761.00 82547.00 CAD Million
GDP From Mining 154487.00 Jul/21 154071.00 165334.00 99558.00 CAD Million
GDP From Manufacturing 185966.00 Jul/21 187949.00 218222.00 139406.00 CAD Million
GDP From Construction 143510.00 Jul/21 144882.00 150090.00 71294.00 CAD Million
GDP From Agriculture 41037.00 Jul/21 43439.00 47021.00 23668.00 CAD Million